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Accountable Capitalism Act
The Accountable Capitalism Act, 115th Congress (2017–18S. 3348is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018. It would require any company with revenue over $1 billion to obtain a federal corporate charter. For these companies, employees would elect 40% of the board of directors and a 75% vote of shareholders and directors would be required to approve any political spending. The Act contains a "constituency statute" that would give directors a duty of "creating a general public benefit" with regard to a corporation's stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term. Reception Political commentator Matthew Yglesias wrote that "Warren's plan starts from the premise that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood." ''The New York Times'' columnist David Leonhardt called the proposal " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill (United States Congress)
In the United States Congress, a bill is proposed legislation under consideration by either of the two chambers of Congress: the House of Representatives or the Senate. Anyone elected to either body can propose a bill. After both chambers approve a bill, it is sent to the President of the United States for consideration. Bill writing Ideas for legislation and drafts of legislation can come from many areas, including members of Congress, Congressional committees, constituents, lobbyists, state legislatures, the president, federal departments, and federal agencies. The House Office of the Legislative Counsel and Senate Office of the Legislative Counsel are available to create or modify legislation for members and committees. Introduction and sponsors In the House, a bill is introduced by a member placing a hard copy into a wooden box called a hopper. In the Senate, the bill is placed on the desk of the presiding officer. The bill must bear the signature of the member introd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Review
''National Review'' is an American conservative editorial magazine, focusing on news and commentary pieces on political, social, and cultural affairs. The magazine was founded by the author William F. Buckley Jr. in 1955. Its editor-in-chief is Rich Lowry, while the editor is Ramesh Ponnuru. Since its founding, the magazine has played a significant role in the development of conservatism in the United States, helping to define its boundaries and promoting fusionism while establishing itself as a leading voice on the American right. The online version, ''National Review Online'', is edited by Philip Klein and includes free content and articles separate from the print edition. The free content is limited, but National Review Plus allows ad-free and unlimited access to both online and print articles. History Background Before ''National Review''s founding in 1955, the American right was a largely unorganized collection of people who shared intertwining philosophies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Proposed Federal Labor Legislation
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Unions In The United States
Labor unions in the United States are organizations that represent workers in many industries recognized under US labor law since the 1935 enactment of the National Labor Relations Act. Their activity today centers on collective bargaining over wages, benefits, and working conditions for their membership, and on representing their members in disputes with management over violations of contract provisions. Larger trade unions also typically engage in lobbying activities and electioneering at the state and federal level. Most unions in the United States are aligned with one of two larger umbrella organizations: the AFL–CIO created in 1955, and the Change to Win Federation (current Strategic Organizing Center) (SOC) which split from the AFL–CIO in 2005. Both advocate policies and legislation on behalf of workers in the United States and Canada, and take an active role in politics. The AFL–CIO is especially concerned with global trade issues. The percentage of workers belongin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workplace Democracy Act
The Workplace Democracy Act is a proposed US labor law, that has been sponsored by Bernie Sanders and re-introduced from 1992 to 2018. Among its different forms, it would have removed obstacles to employers making collective agreements, established an impartial National Public Employment Relations Commission to support fair collective bargaining, required that pensions plans are jointly managed by employee and employer representatives, changed the definition of an "employee" to ensure every person who works for other people has labor rights, and repeal all "right to work" laws. The latest version of the Act in 2018 gathered endorsements from leading lawmakers in the Democratic Party, including Kirsten Gillibrand and Mark Pocan. Background Given the long term decline in collective bargaining and the rise in inequality, a substantial number of employee representatives, Democratic politicians, labor unions, academics, judges and lawyers had been advocating the revision of the Natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee Free Choice Act
The Employee Free Choice Act is the name for several legislative bills on US labor law (, , , , , , , , .) which have been proposed and sometimes introduced into one or both chambers of the U.S. Congress. The bill's purpose, as taken from the 2009 version, was to: The act would have, first, allowed a union to be certified as the official union to bargain with an employer if union officials collect signatures of a majority of workers. The bill would have removed the present right of the employer to demand an additional, separate ballot when more than half of employees have already given their signature supporting the union.See generally, Second, the bill would have required employers and unions to enter binding arbitration to produce a collective agreement at least 120 days after a union is recognized. Third, the bill would have increased penalties on employers who discriminate against workers for union involvement. Outline The Employee Free Choice Act would have amended the Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reward Work Act
The Reward Work Act of 2018S.2605anHR 6096 is a proposed United States Act of Congress to ban unjustified stock buy-backs, and to require that every listed company enable employees to elect one-third of the board of directors. The Bill was sponsored initially by Senators Tammy Baldwin, Elizabeth Warren and Brian Schatz in March 2018, joined in April 2018 by Kirsten Gillibrand, and in November 2018 by Bernie Sanders. It was sponsored in the House of Representatives in June 2018 by Keith Ellison and Ro Khanna. Contents Section 2 prohibits stock buybacks on the open market. Section 3 requires one-third board representation for employees of listed companies. Specifically, this amends §12b of the Securities Exchange Act of 1934 (15 USC 78l(b)(1)) to add "No issuer may register securities on a national exchange unless at least 1⁄3 of the issuer’s directors are chosen by the issuing company’s employees in a one-employee-one-vote election process." It then requires the Securities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Ownership
Social ownership is the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society as a whole. It is the defining characteristic of a socialist economic system. It can take the form of community ownership, state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity. Traditionally, social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned and integrated by a single entity or network of entities representing society; but the articulation of models of market socialism where factor markets are utilized for allocating capital goods between socially owned enterprises broadened the definition to include autonomous entities within a market economy. Social ownership of the means of production is the common defining characteristic o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Labor Law
United States labor law sets the rights and duties for employees, labor unions, and employers in the United States. Labor law's basic aim is to remedy the "inequality of bargaining power" between employees and employers, especially employers "organized in the corporate or other forms of ownership association". Over the 20th century, federal law created minimum social and economic rights, and encouraged state laws to go beyond the minimum to favor employees. The Fair Labor Standards Act of 1938 requires a federal minimum wage, currently $7.25 but higher in 29 states and D.C., and discourages working weeks over 40 hours through time-and-a-half overtime pay. There is no federal law, and few state laws, requiring paid holidays or paid family leave. The Family and Medical Leave Act of 1993 creates a limited right to 12 weeks of unpaid leave in larger employers. There is no automatic right to an occupational pension beyond federally guaranteed Social Security, but the Employee Retirement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Corporate Law
United States corporate law regulates the governance, finance and power of corporations in US law. Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governance rights, found mostly in the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended by laws like the Sarbanes–Oxley Act of 2002 and the Dodd–Frank Wall Street Reform and Consumer Protection Act. The US Constitution was interpreted by the US Supreme Court to allow corporations to incorporate in the state of their choice, regardless of where their headquarters are. Over the 20th century, most major corporations incorporated under the Delaware General Corporation Law, which offered lower corporate taxes, fewer shareholder rights against directors, and developed a specialized court and legal profession. Nevada has done the same. Twenty-four states follow the Model Business Corporation Act, while New York and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Codetermination
In corporate governance, codetermination (also "copartnership" or "worker participation") is a practice where workers of an enterprise have the right to vote for representatives on the board of directors in a company. It also refers to staff having binding rights in work councils on issues in their workplace. The first laws requiring worker voting rights include the Oxford University Act 1854 and the Port of London Act 1908 in the United Kingdom, the Act on Manufacturing Companies of 1919 in Massachusetts in the United States (although the act's provisions were completely voluntary), and the Supervisory Board Act 1922 (''Aufsichtsratgesetz 1922'') in Germany, which codified collective agreement from 1918. Most countries with codetermination laws have single-tier board of directors in their corporate law (such as Sweden, France or the Netherlands), while a number in central Europe (particularly Germany and Austria) have two-tier boards. The threshold of a company's size wher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
